Economics

German Inflation Surges to 6% as ECB Insists Spike Will Pass

Annual consumer-price gains in November exceed 5.5% estimate
Schnabel highlighted pandemic as cost driver in TV interview

Black Friday shoppers on Kurfrstendamm, in Berlin, on Nov. 26. — Black Friday shoppers on Kurfrstendamm, in Berlin, on Nov. 26.
Photographer: Krisztian Bocsi/Bloomberg

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By Jana Randow

November 29, 2021 at 1:05 PM UTC

Updated on

November 29, 2021 at 1:47 PM UTC

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German inflation surged more than expected in November, complicating the European Central Bank’s mission to convince consumers that the current spike will soon ease.